Capital Budgeting - IRR
{"Image DocumentName": "Capital Budgeting - IRR", "Image ImageDescription": "What is the NPV of the project if we discount the CF at 15%? Zero - by definition of IRR. Is the PV of the CF\u2019s going to be higher or lower if the rate is 10%? Higher - lower rate means higher PV. So, the sum term is bigger at 10%, so the NPV is positive ===> accept. NPV and IRR will accept and reject the same projects \u2013 the only difference is when ranking projects.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}